Fresnillo (LON:FRES) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Fresnillo plc (LON:FRES)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 617.56 ($7.56) and traded as high as GBX 670.27 ($8.20). Fresnillo shares last traded at GBX 666 ($8.15), with a volume of 1,485,929 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Berenberg Bank boosted their target price on shares of Fresnillo from GBX 620 ($7.59) to GBX 720 ($8.81) and gave the company a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Fresnillo in a research note on Friday, November 22nd.

Fresnillo Stock Up 2.2 %

The company has a debt-to-equity ratio of 21.66, a quick ratio of 3.28 and a current ratio of 5.88. The company has a fifty day simple moving average of GBX 655.49 and a two-hundred day simple moving average of GBX 617.56. The firm has a market capitalization of £5.01 billion, a PE ratio of 2,835.42, a PEG ratio of -1.58 and a beta of 0.15.

About Fresnillo

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.